GRACE 1: US ISSUES WARRANT TO SEIZE IRANIAN OIL SUPERTANKER

On 17th August, the BBC reported that a warrant issued by a federal court in Washington called for the tanker and the oil on board to be seized.  It has also ordered the seizure of $995,000 from an account at an unnamed US bank linked to Paradise Global Trading LLC, an Iranian company.  The DoJ said the ship and the firm had been involved in violations of the International Emergency Economic Powers Act, bank fraud, money laundering and terrorism forfeiture statutes, with a network of front companies used to launder funds linked to the shipment and parties linked with Iran’s Islamic Revolutionary Guard Corps, which the US regards as a foreign terrorist organisation.

https://www.bbc.co.uk/news/world-us-canada-49379144

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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